This week’s crypto calendar is loaded. Between April 20 and April 27, more than $330 million worth of token unlocks are set to hit the market through a combination of cliff events, one-time lump-sum releases that arrive all at once, and linear unlocks, which drip tokens into circulation on a daily basis.
With the broader market still nursing wounds from recent macro pressure, the timing is worth paying close attention to. According to data from Tokenomist, the cliff unlock schedule this week includes 11 tokens with individual releases valued above $5 million. On the linear side, five major tokens are releasing chunks of supply daily, adding up to a sustained stream of selling pressure across the week.
The big cliff events
The standout name on the cliff unlock list is HYPER, the native token of Hyperlane, a cross-chain interoperability protocol that allows different blockchains to communicate with each other.
Hyperlane’s unlock this week will release 92.11 million HYPER tokens worth around $8.62 million, but the more striking figure is the percentage: HYPER’s circulating supply currently sits at around 241 million tokens, and the unlock this week represents 97.05 percent of its adjusted released supply. That’s a massive supply shock on a token already under pressure.
HYPER launched in April 2025 and quickly hit an all-time high of $0.6641, but has since fallen sharply, currently trading around $0.095, down more than 85 percent from that peak. A near-full supply unlock at these levels will likely keep a ceiling on any meaningful recovery in the near term.
LMTS (Limitless), a decentralized prediction market platform built on Base chain, is also seeing a significant cliff unlock this week. The unlock is scheduled to release 85.43 million LMTS tokens worth roughly $8.15 million, representing 65.04 percent of its adjusted released supply.
LMTS is currently trading around $0.095, down from an all-time high of $0.6943 reached last October, a rough drawdown of more than 86 percent With only about 13 percent of its total supply currently in circulation, the incoming tranche meaningfully expands available supply into thin liquidity.
INIT (Initia), a Layer 1 blockchain built using the Cosmos SDK that supports customizable app chains faces a cliff unlock later this week too. The unlock is scheduled for April 24, releasing 83.51 million INIT tokens worth around $7.64 million and representing 45.57 percent of its adjusted released supply.
INIT is currently trading at about $0.091, roughly 93 percent below its all-time high of $1.41 set in May 2025. The token has shown some recovery over the past week, with a 17.6 percent gain over the seven-day period, but the incoming supply event could test how much of that momentum holds.
ZRO (LayerZero), the interoperability protocol that lets developers build applications spanning multiple blockchains, faces what may be its most market-sensitive unlock of the week. The scheduled release will push out 25.71 million ZRO tokens representing about 5.34 percent of its adjusted and released supply.
Sentiment around ZRO has already turned sharply negative in the lead-up to the event, with the token dropping roughly 18 percent in the 24 hours prior as traders positioned ahead of the release. ZRO has had a turbulent year, its all-time high of $7.47 remains a distant memory at current prices near $1.60, and the unlock schedule has repeatedly weighed on recovery attempts.
KAITO, the AI-powered information finance network that launched its token in February 2025, is also on the cliff schedule. The unlock will release 17.6 million KAITO tokens, representing 4.93 percent of its adjusted released supply. KAITO is currently trading at about $0.40, down 85.9 percent from its all-time high of $2.88.
Historically, KAITO has shown relatively low volatility in the seven days following past unlocks, though market conditions this week are more fragile than usual. Other cliff unlocks this week include UDS ($42.17 million, 15.32 percent of adjusted supply), MBG ($51.15 million, 16.67 percent), H ($10.98 million, 4.02 percent of adjusted supply), XPL (unlock of $9.28 million), SOSO ( unlock of $5.65 million) and MON ($5.12 million token unlock).
The linear unlocks adding daily pressure
Beyond the cliff events, five tokens are releasing supply gradually throughout the week in what are known as linear unlocks, smaller daily releases that collectively add up.
The largest by dollar value is RAIN, the decentralized prediction market protocol built on Arbitrum. RAIN currently trades at around $0.0075, down roughly 30 percent from its all-time high of $0.0109.
The linear unlock this week totals $71.82 million across 9.50 billion tokens, the single biggest unlock by value on the entire list. RAIN’s market cap currently sits just above $3.6 billion, making it the most liquid token on this week’s schedule by some margin, which may help absorb sell pressure more easily than some of the smaller names.
SOL (Solana) appears on the linear list as well, with 466,860 tokens worth $39.02 million gradually entering circulation this week. At 0.08 percent of circulating supply, the unlock is small relative to Solana’s overall market depth and unlikely to cause notable disruption on its own.
TRUMP, the meme token tied to US President Donald Trump, is releasing 6.33 million tokens worth $17.66 million in linear fashion, representing 2.72 percent of its circulating supply. WLD (Worldcoin), the biometric identity project co-founded by OpenAI’s Sam Altman, is unlocking 37.23 million tokens worth $9.65 million, or 1.13 percent of circulating supply. CC adds another $28.53 million to the weekly supply total.
What it means for the market
Taken together, this is a heavy week. The total unlock value of over $330 million lands at a sensitive moment, the broader crypto market has been dealing with macro headwinds, and liquidity in altcoins remains thin.
When large amounts of previously locked tokens enter circulation, the people receiving them, often early investors or team members whose tokens have vested, may sell immediately, creating downward pressure regardless of the underlying project’s fundamentals.
That said, not all unlocks are equal. Tokens with deep liquidity and large market caps like SOL absorb supply events far more comfortably than smaller-cap assets like LMTS or INIT, where even a modest sell-off can translate into sharp percentage moves.
The tokens most worth watching closely this week are HYPER, LMTS and ZRO, each facing meaningful supply increases relative to their current float, in markets where buying demand is not obviously lined up to meet it.